In a positive sign for the battered listed property sector, Perth-based developer and investment player Aspen Group, has launched a new property fund, seeking to raise $40 million.
West Perth based Atlas Iron Ltd is planning to begin operations and export of iron ore from its Pardoo Project in October, awarding Northern Territory based CDE Capital Pty Ltd the mining contract for the project.
Perth based explorer, Empire Resources Ltd, has purchased the remaining 10 per cent stake that it did not own of the Yuinmery copper-gold project for $150,000, completing its second acquisition in as many weeks.
Perth based property and land developer Peet Ltd has announced that its civil contractor for its Innisfail Estate development has placed itself into voluntary administration.
Burswood based Wavenet International Ltd has sold its 100 per cent owned subsidiary, Wavenet Technology Pty Ltd for an upfront payment of $585,372, with a further payment of up to $563,174 to be paid in the next 30 days.
Subiaco based Golden State Resources Ltd has raised $2.7 million through a share placement, with the funds being used for working capital on the Golden Eagle Oil and Gas Prospect in Grand County Utah.
West Perth based mineral exploration company Metex Resources has raised $22 million, with funds being used to complete its Underground Coal Gasification trial site in Queensland.
Engineering company RCR Tomlinson Ltd has secured a $10 million structural, mechanical, piping and electrical package from Worsley Alumina, for its efficiency and growth project.
Recently appointed Chairman of The Pisces Group, John Hewson, has criticised the Reserve Bank of Australia for excessively using interest rates to try and manage inflationary pressure at the Mortgage and Finance Association of Australia 2008 National Conv
Osborne Park based Advanced Braking Technology Ltd will aim to raise $4.6 million to fund a network of service centres in Kalgoorlie, the Pilbara, eastern states and South Africa.
A five year agreement to supply subsea equipment and support services for the part Chevron Australia Pty Ltd owned Gorgon Project has been awarded to GE oil and gas business VectoGray.
Rivervale based Yellow Rock Resources Ltd and West Leederville based Whinnen Resources Ltd have been placed under a trading halt, following announcements on Tuesday.
West Perth based Straits Resources Ltd subsidiary, Straits Asia Resources Ltd, has posted a quarterly net profit of over $21 million ($US20.1 million), an increase of 139 per cent on the same quarter last year.
West Perth based Washington Resources has signed a joint venture agreement with exploration company Western Desert, allowing Western Desert to explore one of its Northern Territory tenements.
A 'large share' of the Federal Government's new $20 billion Building Australia Infrastructure fund must be set aside for building in Western Australia, Chamber of Commerce and Industry of Western Australia chief executive James Pearson said today.
West Perth based Otto Energy Ltd and mineral exploration company Metex Resources have both entered trading halts, pending an announcement due to be made on Friday.
Burrup Holdings Pty Ltd has announced its intention to establish a joint venture with Yara International, Burrup Nitrates Joint Venture, to build a c.350,000 tpa technical ammonium nitrate plant on the Burrup Peninsula in Western Australia's north west
Applecross based Hawk Resources Ltd has reached agreement to acquire 100 per cent of the issued capital of oil and gas exploration company New Standard Energy Ltd.
Overland Resources Limited has entered into subscription agreements with institutional, sophisticated and industry investors to raise $10 million through the issue of 20 million new shares at $0.50 per share, with the issue subject to shareholder approval
Malaga based Automotive Technology Group has raised its minimum subscription of $6m, in an Initial Public Offering to expand the global penetration of its emissions efficient supercharger technology.
Perth based mineral exploration company, Gryphon Minerals, will raise $10 million through the placement of 25 million ordinary shares at 40 cents each for exploration at its Banfora Gold Project in Burkina, West Africa.
West Perth based software solution company, Stratatel Ltd, has placed over 27 million full paid ordinary shares on offer in an effort to raise nearly $2.2 million.
Applecross-based global education services group Navitas Ltd has announced a joint venture between its part-owned student recruitment business, EduGlobal China Ltd, and online higher education company, Open Universities Australia (OUA).
